Yoox Net-a-Porter fashions its sales targets on millennials and mobiles

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Yoox Net-a-Porter has set itself ambitious targets of growing sales by 20pc a year

Federico Marchetti might be cut from Italian cloth but the chief executive of Yoox Net-a-Porter isn’t shouldering the same growing pains as his Milano luxury peers.

One year on from closing the €3.4bn (£2.9bn) merger of Net-a-Porter and Yoox, creating the world’s biggest luxury retailer, Marchetti on Wednesday unveiled an incredibly bullish business plan to boost the company’s revenues by as much as 20pc a year until 2020.

Yoox Net-a-Porter wrapped up the Milan Stock Exchange in a bow to celebrate the deal completing